CR = Conversion Rate = The % of webinar attendees that buy the offer you sell during your webinar

Notice, for this funnel there are 6 leverage points.

WARNING: The rest of this post might get a bit overwhelming for you (especially if you think you’re not good at math) but stay with me because if you can’t understand the math on a SIMPLE funnel like this, you’re screwed – seriously – especially if you need a slightly more advanced funnel (up-sells, down-sells etc) to compete in your market.

If you want 100% ROI (to turn $1 of ad spend into $2 of revenue) with a simple webinar funnel, here’s an example of what your 6 leverage points must equal:

Price = $500

CPM = $20

CTR {Link} = 1%

WRR = 40%

AR = 40%

CR = 5%

How do I know?

Because of the webinar funnel ROI formula:

($500 / [$20 / 1% / 40% / 40% / 5% / 1000]) – 1 = 100%

In other words:

(500 / [20 / 0.01 / 0.40 / 0.40 / 0.05 / 1000]) – 1 = 1

Here’s the thing though…

If the performance of one of these leverage points HALVES (for example, if your attendance rate goes from 40% to 20%) you go from doubling your money to just breaking even.

Simple, right?

But here’s what’s CRAZY…

If the performance of all SIX leverage points is JUST 12% worse, rather than doubling your money, you’re LOSING MONEY.

For example, IF your:

1. Price is $440 instead of $500 (12% lower)

2. CPM is $22.40 instead of $20 (12% higher)

3. CTR {Link} is 0.88% instead of 1% (12% lower)

4. WRR is 35.20% instead of 40% (12% lower)

5. AR is 35.20% instead of 40% (12% lower)

6. CR is 4.40% instead of 5% (12% lower)

…rather than doubling your money, you’re losing money.

THIS is why you need to understand this stuff, especially BEFORE you launch a funnel.

Without knowing these ROI formulas, 2 tragic things can happen:

1. You invest time, money and energy into launching a type of funnel that from a mathematical standpoint is 99% likely to FAIL for YOUR specific business or market, despite what the gurus tell you (Hint: Webinars are NOT for everyone and very FEW marketers succeed with ‘Tripwire’ funnels – Read my blog post ‘Why Tripwire Funnels Suck’ to learn why)

2. You invest time, money and energy into launching a funnel that is just 12% off being a potential 6-7 figure money machine but you QUIT because you’re losing money and you don’t know just how close you are

This is how I’ve helped dozens of clients and students grow 6 and 7 figure businesses FAST.

It’s also how I’ve grown my media company in the rodeo niche to thousands of customers and 5 figures in MRR (monthly recurring revenue) in less than a year.

Now I want to help 10 more ambitious marketers do the same in different niches…

If you’re looking to build a $10,000+/month niche membership site, I’m launching a new course / coaching program that’ll help you do just that.

If you’re interested in being one of the 10 marketers to work with me, PM me for more info about the program.

Note, a year ago I knew very little about rodeo but I was still able to build a very successful membership site in that niche by doing what you’ll learn in my program… So if you’re wondering if this will work for you even if you’re not an expert in a certain niche, it has for me as well as dozens of my clients and students.

So again, if you’re interested in being a ‘metric driven marketer’ and building a $10K/month membership site, PM me and we’ll chat.